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Austria, Bulgaria, Greece, Portugal, Romania, and Slovenia Support Equalization Tax on Digital Companies — Orbitax Tax News & Alerts

The Finance Minister of Austria, Bulgaria, Greece, Portugal, Romania, and Slovenia have reportedly signed on to the letter asking the European Commission to develop a proposal for an equalization tax that would be levied on the turnover generated by digital companies in the EU ({News-2017-09-14/P/3-previous coverage}). This and other proposals for the taxation of the digital companies were discussed during an informal meeting of economic and financial affairs ministers (ECOFIN) on 15 to 16 September. A summary of possible solutions is to be prepared by the European Commission for further discussion in the coming weeks.